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AI chipmaker Nvidia to invest billions in US amid Trump onshoring push: CEO
[FoxBusinessNews] Nvidia CEO Jensen Huang said Wednesday that the leading artificial intelligence chipmaker will invest hundreds of billions of dollars in the U.S. supply chain over the next four years. Huang made the announcement in an interview with the Financial Times. It follows moves by other technology companies, including Apple, which are unveiling multibillion-dollar investments in onshoring plans, as President Donald Trump's administration implements its "America First" policies, and following the Republican's Made in America campaign promise. "Overall, we will procure, over the course of the next four years, probably half a trillion dollars worth of electronics in total," Huang reportedly told the FT. "And I think we can easily see ourselves manufacturing several hundred billion of it here in the US." Huang said the increased U.S. production would be possible through suppliers such as the Taiwan Semiconductor Manufacturing Company (TSMC) and Foxconn. Huawei in China poses a growing competitive threat, Huang told the FT, adding that he was confident in the Trump administration's ability to form policy to speed up the AI industry in the U.S. Related: Nvidia 03/14/2025 Freed hostage says he saw Avinatan Or alive in captivity, marking first sign of life Nvidia 02/04/2025 Belgium swerves to the right as Bart De Wever sworn in as prime minister Nvidia 01/30/2025 End of an Era: China's DeepSeek Reveals Massive Problems for US IT Companies Posted by: Skidmark 2025-03-21 |
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